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General Motors Elects To Pass On US$2 Billion In Federal Funding

FRI, 13 MAR, 2009

While GM has been operating on borrowed funds in recent times, there has been an extensive effort by the company to reduce costs and stem the...

US Government Automotive Task Force To Arrive In Detroit Today

TUE, 10 MAR, 2009

After having spent an undoubtedly gruelling two weeks with President Obama's automotive task force - most of it, most certainly, on 'the rack...

Obama Commits To A 'Retooled' American Auto Industry

THU, 26 FEB, 2009

US President Barack Obama on Tuesday (US time) addressed a joint session of Congress for the first time since taking office, and in it he lai...

GM To Seek More Government Aid Or File For Bankruptcy

MON, 16 FEB, 2009

With the deadline for GM’s restructuring plan due Tuesday US time, reports from the cash-strapped automotive giant indicate that GM will be...

General Motors To Cut 10,000 Jobs

WED, 11 FEB, 2009

A severe drop in vehicle sales worldwide and the desperate need to restructure “for long-term viability" has forced General Motors to confirm th...

GM To Sell Hummer, Saab, Cut 25,000 Jobs

WED, 3 DEC, 2008

  GM has just outlined its plan for the immediate future to the US Congress in an effort to secure billions in US taxpayer-funded bridge loan...

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